Africa Oil Corp. has completed the Kenyan portion of the previously announced (July 23, 2012) farmout agreement with Marathon Oil Corporation whereby Marathon Oil acquired an interest in two of Africa Oil's Kenyan exploration blocks.

Under the terms of the farmout agreement, Marathon Oil acquired a 50% interest in Block 9 and a 15% interest in Block 12A, both in Kenya. Africa Oil will maintain operatorship in Block 9, but Marathon Oil has the right to assume operatorship if a commercial discovery is made.

Tags: Africa Oil Corp.